Summit Properties is on a mission to purchase 5,200 mostly rent-stabilized New York apartments at a bankruptcy auction.  But there’s been a thorn in its side: the Mamdani administration, which has filed numerous objections to the auction and sale, generating paperwork and press.  Now, Summit is trying to get the city off its back. In a declaration filed Wednesday, Summit CEO Zohar Levy outlined a plan to fix the bankrupt properties.  Summit appears poised to be confirmed as the buyer in a Thursday morning bankruptcy hearing. If confirmed, it would foil attempts by the city and renters to find a […]

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